Divorce and Foreclosure: How Each Affects the Other
When a couple gets divorced, they are not only ending their marriage, but they are also ending their financial partnership. This can have a major impact on their finances, especially if they own a home together. If one spouse wants to keep the home, they may have to take on the entire mortgage themselves. This can be a difficult burden to manage, especially if the couple has other debts and expenses. If the couple is unable to sell the home or refinance the mortgage, they may end up facing foreclosure.
Foreclosure can have a major impact on both spouses, even if only one of them is listed on the mortgage. It can damage their credit score and make it difficult to buy another home in the future. It can also be emotionally devastating, which can further strain an already strained relationship.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706